Armenia’s securities market on November 2: AMX summary
Government bonds on the Armenia Stock Exchange (AMX) saw 8 trades worth AMD 356.6 million (about $989.2 thousand) on November 2. Corporate bonds recorded 88 trades in 64 issues: 59 trades in drams worth AMD 549.4 million and 29 trades in US dollars worth $765.1 thousand (about AMD 275.8 million), for a total of about AMD 825.2 million.
On the secondary government bond market, Eurobonds of the Ministry of Finance of Armenia (EUBDB5) led with $912.2 thousand (about AMD 328.8 million) in 5 trades at a yield of 6.224%. In drams, the largest volume was in a Ministry of Finance bond (GB1133A): AMD 27.5 million in 2 trades at 8.44%. A trade in bond GB3150A was also concluded, for AMD 273.5 thousand at 9.10%.
Corporate bond turnover was 24.6% below October 30 (AMD 1,093.9 million) but 34.3% above last week’s daily average (AMD 614.3 million). Electric Networks of Armenia bonds (HELCB1) led with AMD 209.3 million in 2 trades at a yield of 9.60–9.75%, about 38% of dram-segment turnover. In the dollar segment, Ameriabank bonds (AMRBBMS) came first with $154.7 thousand (about AMD 55.8 million) in 2 trades at 5.14%. The most trades, 5, were in Acba bank bonds (ACBABP), worth AMD 42.5 million. Dram trade yields ranged from 6.68% to 13.00%, dollar trade yields from 4.46% to 8.18%.
Equities saw 6 trades worth AMD 1.17 million. Acba bank shares (ACBA) led: 4 trades, 55 shares at an average AMD 20,661.82, AMD 1.14 million. Tel-Cell shares (TLCL) also traded: 2 trades, 104 shares at an average AMD 314.96, AMD 32.8 thousand. Two repo trades worth AMD 81.6 million were concluded: Acba bank bonds (ACBABL), AMD 29.8 million for 7 days at 7.50%, and Armswissbank bonds (SWISBQ), AMD 51.8 million for 14 days at 7.10%.
The exchange published the dram indices for the first time since October 26. The Corporate Bond Market Index in Armenian drams (CBMI_AMD) rose 0.22% to 104.74 and the Corporate 1–3 Year Bond Index in Armenian drams (C3YBI_AMD) rose 0.17% to 104.04. The Corporate Bond Market Index in US dollars (CBMI_USD) fell 0.06% to 101.59, with a yield to maturity of 5.20%, and the Corporate 1–3 Year Bond Index in US dollars (C3YBI_USD) fell 0.09% to 100.87, with a yield of 4.73%.
On AMX, the corporate bond market totals AMD 1,049.0 billion and market capitalisation AMD 380.9 billion. A total of 275 securities of 64 issuers are listed and admitted to trading. Trading in Armswissbank bonds in US dollars (SWISBU) and euro (SWISBM1) starts on November 3.
According to AMX, the US dollar traded at AMD 360.14, the euro at AMD 403.36 and the Russian rouble at AMD 4.4854.
trillion drams (AMD)
billion drams (AMD)
| Index | Value | Change | Yield to maturity | Mod. duration |
|---|---|---|---|---|
|
AMD Corporate Bond Market Index
CBMI_AMD
|
104.74 | +0.22% | 1.64 | |
|
AMD 1–3 Year Corporate Bond Index
C3YBI_AMD
|
104.04 | +0.17% | 0.92 | |
|
USD Corporate Bond Market Index
CBMI_USD
|
101.59 | -0.06% | 5.20% | 1.76 |
|
USD 1–3 Year Corporate Bond Index
C3YBI_USD
|
100.87 | -0.09% | 4.73% | 1.04 |
88 trades
HELCB1
8 trades
EUBDB5
6 trades
ACBA
2 trades
SWISBQ
Corporate bond turnover on November 2 was about AMD 825 million, below AMD 1.09 billion on October 30 but above last week’s daily average. Dram trades went at 6.68–13.00%, and a government bond (GB1133A) at 8.44%. The dram indices were published for the first time since October 26, but their yield diverges from trade yields, so the dram indices cannot yet serve as a guide to rates.
